The TCS Advantage
ValueBPS™: Our ValueBPS™ approach helps enterprises achieve significant and sustained business outcomes by leveraging our deep domain expertise and operations redesign methodologies such as FORE™. Our approach also encompasses robotic process automation (RPA), analytics and insights, our unique IT-BPS synergy, Business Process as a Service (BPaaS) models, and business process management (BPM).
Industry Domain Expertise: Our professionally qualified Finance and Accounting specialists, with deep domain expertise of General Ledger Services across industries, ensure that financial statements are strictly in compliance with compliance requirements such as GAAP / IFRS. We help you implement robust internal controls / SOX compliance mechanism, in line with the regulatory framework, to enhance reporting.
BPaaS/Platforms: TCS has invested in a controllership approach for enhanced governance. This approach involves embedding SOX / SSAE / regulatory controls and process documentation in FMEA to create business value through theme based audits.
Solutions We Offer
We provide the following General Ledger Services:
- Preparation and Posting of Journals
- Bank and Sub-ledger/General Ledger Reconciliation
- Book Closure and Consolidation
- Taxation and Compliance
Key benefits we deliver include:
- Reduction in balance sheet reconciliation open value by 99%
- Over 90% reduction in operational risk
- Increase in auto-match hit rates resulted in 10 per cent reduction in cost of Reconciliation
- Up to 75% reduction in reporting turnaround time (TAT)